Sunday, October 05, 2008

World financial crisis

The reasons for the current global financial crisis are easier to understand if you read Leo Huberman'sMan's Worldly Goods. We'll al be paying for George W. Bush's unjust (criminal) acts of war. These acts were committed for the sake of greed. Unfortunately for GWB, his creditors (Arab countries producing oil and China producing most material goods for the US) didn't accept the flaky security of US banks (property) hence won't sell anymore. Reult: system grinds to a halt and they need everybody else to pay. This is unacceptable.